Good morning. Stocks gained on Monday after AI developer Anthropic filed to go public. The Tech (XLK) sector gained, with shares of chip giants Nvidia (NVDA) and AMD (AMD) jumping. Meta (META) stock declined after the social media giant revealed plans to raise up to $95 billion to fund its AI infrastructure build-out. Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.Sector action on Monday, Oct 26. Brent crude oil futures (BZ=F) tumbled to $110 per barrel while WTI (CL=F) also declined to $101 ahead of a crucial Federal Reserve policy meeting this week. Most market participants expect policymakers to hold rates steady this month.
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